India’s exports grow 11.64% y/y in July

By bne IntelliNews August 13, 2013

India’s exports grew by 11.64% y/y to USD 25.83bn in July this year, due to the exports to Africa, according to data of the Association of Southeast Asian Nations (ASEAN) and Far East regions. According to S R Rao, Commerce Secretary, the country’s imports declined to USD 38.1bn during the period, resulting in a trade deficit of USD 12.2bn.

The import of gold and silver was recorded at USD 2.9b during the period, as compared to USD 4.4bn posted during the same period last year. The country’s exports accelerated to USD 98.2bn during April to July, while the imports were posted at USD 160.7bn, resulting in a trade deficit of USD 62.4bn.

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